The world is changing and developing day by day hour by hour with the passage to time, and in this changing world the way we handle, store and access our data has also changed a lot. In past time the companies had a big server rooms accompanied by the remote data storage warehouses but now the scene has been changed the cloud storage system has been widely adapted by the companies. In the same way the consumer data storage system has also been changed a lot leading to increased demand and reliance on cloud storage.
This Huge demand of cloud storage system has given a big boost to cloud storage market and also confer them with the huge amount of powers. Now, Here comes the role of Filecoin (FIL). Filecoin allows the customers to choose the best cloud storage option available, no matter who the storage provider is. It allows the customer to choose the best storage without having to deal with Locked in vendor contracts or high rates for in demand storage. The organizations or the individuals who have unused storage space can offer it on the network by sharing their resources, and in return they will be awarded with Filecoin (FIL).
Filecoin gives a great perspective towards global file storage system and retrieval inefficiencies
